Littelfuse (NASDAQ:LFUS) Releases Q4 2024 Earnings Guidance

by · The Cerbat Gem

Littelfuse (NASDAQ:LFUS – Get Free Report) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.900-2.100 for the period, compared to the consensus estimate of 2.360. The company issued revenue guidance of $510.0 million-$540.0 million, compared to the consensus revenue estimate of $551.4 million. Littelfuse also updated its Q4 guidance to $1.90-2.10 EPS.

Littelfuse Trading Down 2.6 %

Shares of NASDAQ:LFUS traded down $6.64 during mid-day trading on Thursday, hitting $244.63. The company had a trading volume of 117,060 shares, compared to its average volume of 129,918. The firm has a fifty day moving average price of $258.60 and a 200 day moving average price of $254.67. The company has a market capitalization of $6.06 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42. Littelfuse has a one year low of $213.01 and a one year high of $275.58.

Littelfuse (NASDAQ:LFUS – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.63. The company had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. Littelfuse’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.97 EPS. As a group, research analysts forecast that Littelfuse will post 8.14 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.70 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.14%. Littelfuse’s dividend payout ratio is currently 35.99%.

Analyst Ratings Changes

LFUS has been the subject of a number of recent research reports. TD Cowen boosted their price target on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research note on Thursday, October 17th. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and boosted their price target for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, Robert W. Baird boosted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and an average target price of $285.00.

Check Out Our Latest Stock Analysis on Littelfuse

Insiders Place Their Bets

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,242 shares of company stock valued at $3,318,974 in the last three months. 2.30% of the stock is currently owned by insiders.

Littelfuse Company Profile

(Get Free Report)

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.

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